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What is a ‘standard variable’ rate tariff?
A ‘standard variable’ rate tariff (sometimes called a ‘standard rate’) is an Energy suppliers 'standard' tariff, which all customers are on unless they have chosen to purchase a specific other tariff, such as a fixed price tariff. Around 20 million energy customers in Britain are on 'standard variable' rate tariffs, and so there is a good chance you could be one of those.
Why should you care?
If you are on a standard tariff, the unit prices (the ‘rate’ presented in £ per KwH) you’ll pay for gas or electricity could go up or down at any time and it is generally more expensive than other plans suppliers can offer you. So, if you are one of the 20 million energy customers in Britain on a standard variable tariff, you could be missing out on considerable savings.
At Huru we work with selected energy partners to bring customers excellent fixed price tariffs, that can help you control your costs for up to a year. This means you are unlikely to see large changes in your utility costs and you can have more control over how much you are spending.
Energy companies make large profits by enticing customers with very competitive new joiner tariffs, and then when those end customers are automatically switched to the more expensive standard variable tariffs. We at Huru always have the customers best interest at heart, which is why we promise our customers that we will never let you get switched to the standard variable tariff. We will always remind you when you should switch to a new tariff, and find great deals for you to make sure you are saving money.